Release

Today’s Research Reports on Stocks to Watch: Facebook Inc. and Snap Inc.

2017-01-17-RDI-3

U.S. markets continued to climb towards new record Friday, despite a disappointing jobs report. The Dow Jones Industrial Average increased 0.29 percent to close at 21,206.29, while the S&P 500 Index gained 0.37 percent to close at 2,439.07.  On Friday, the Labor Department reported payrolls increased by a seasonally adjusted 138,000 in May, when compared to the previous month. The number was well short of economists’ expectations of 185,000, according to Reuters.

“Economies are still moving along just fine, and outside the US the trend has been improving at a greater pace” said Nathan Thooft, co-head of global asset allocation at Manulife Asset Management. “Yes, there’s some complacency in the market, but there’s not a lot of concern either.”

RDI Initiates Coverage on:

Facebook Inc.
https://ub.rdinvesting.com/news/?ticker=FB

Snap Inc.
https://ub.rdinvesting.com/news/?ticker=SNAP

Facebook’s shares increased 1.37 percent to close at $153.61 a share on Friday. The stock traded between $151.30 and $153.63 on volume of 16.85 million shares traded. The FANG group of stocks, Facebook, Amazon.com, Netflix and Alphabet (formerly Google), appeared to receive a boost Friday after Fundstrat U.S. portfolio strategist Thomas Lee stated the group could grow by an additional 20 percent to 40 percent by the end of the year. "Rarely does FANG reverse its year-to-date gains (only in 2011) and second half out-performance has averaged 17,700 basis points since 2009. Given the substantial top-line and earnings-per-share growth, valuation risk/reward remains favorable," Lee noted. Shares of Facebook have gained approximately 33.52 percent year-to-date.

Access RDI’s Facebook Research Report at:
https://ub.rdinvesting.com/news/?ticker=FB

Snap’s shares declined 1.17 percent to close at $21.09 a share on Friday. The stock traded between $21.00 and $21.45 on volume of 9.60 million shares traded.  Snap’s most popular show, E!’s "The Rundown", averages roughly 7 million viewers per week, according to recent data. In comparison, one of the top television shows, in terms of viewers, “Big Bang Theory” averaged 14.03 million viewers an episode last season. Snap’s daily active users (DAU) grew 36 percent year-over-year to 166 million in the first quarter of 2017, from 122 million in the first quarter of 2016. Revenues totaled $149.6 million for the first quarter of 2017, which fell short of consensus estimates of $158 million, according to Thomson Reuters. Shares of Snap have fallen approximately 13.85 percent since its IPO.

Access RDI’s Snap Research Report at:
https://ub.rdinvesting.com/news/?ticker=SNAP

Our Actionable Research on Facebook Inc. (NASDAQ:FB) and Snap Inc. (NYSE:SNAP) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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